GBPUSD TRADING STRATEGY WITH >5 RISK REWARD BGPUSD scenarios! We trade these zones and buy low and sell high and sell high and cover low! This gives us phenomenal risk reward and the possibility of great returns. Professional traders have an open mind and adapt have different scenarios in mind! Learn how we trade below!
=> Pro Traders Continuously Learn => Click Here To Get Your FREE Trading Strategy eBook!
Best Trading,
Johan
=> Click Here To Check Out Our 4 BEST-SELLING TRADING BOOKS + BONUS On ESSENTIAL Techniques Professional Traders Use Everyday!
System
TradeApe chart setupHad a few requests to share my chart setup, so feel free to make this chart yours and save the template.
Indicators used:
1) Ichimoku to get an idea of general trend direction and key support/resistance levels.
2) Directional Movement Index to get an idea about trend strength.
3) Candlestick pattern indicator (hammers, etc.) for confirmation. Tbh, you don't really need it.
That's all I use for trading forex, oil, gold and CFDs. Same setup for all of them. Works for stocks too.
The daily charts give me my overall trend direction. If DI+ is above DI-, you can't go short...and vice versa. I use custom settings giving me the monthly DI trend on the daily charts...and the 8hr trend on the M15 charts where I time my entries.
Exits are based on the trend changing on the daily timeframe. I set trades to BE if they survive the day and then simply try to keep 'em going until momentum changes. No fixed TP.
Just shout if you have questions...
I also recommend this if you're even remotely questioning whether longer term trades are worth it or not: www.forexfactory.com
For those who don't know Ichimoku, read this: www.kumotrader.com
I only use part of the Ichimoku indicators though ;)
Swing Trading strategy !! (A micro view on swing investing)Through out my time swing trading i have found that there are some desecrate tools and information i must look at in each equity before i make my final decision, certain criteria like Short interest , days to short , SQZMOM indicator along with a sweet chart that channels up.
1. it all starts at finviz where i search up stocks that fall under the lower priced Nasdaq equities, this is also the time i start to look for some nice setups on the chart. On the chart i mainly look for equities that are Channelling up.
2. i have filtered out the equities that don't have nice setups often charts that break the channel pattern, after this is done i start to look at the days to short on the Nasdaq short interest website. This is essential because if there was a big move down and a short share float of more than 20% it could mean that the stock is about to rebound 5-20%.
it also makes the game much easier when you can now how many days those shorts have until they have to cover.
3. Once ive gone a little bit into the fundamentals and short interest i like to then look at that chart again, The indicator SQZMOM on trade view is one of my last type of analysis i do on the equity before i make a decision. As i have shown in the chart if there are 2 green momentum bars on the indicator it signals a buy entry , and once the green momentum bars start to fade it signals a Sell alert.
4. Usually i take profits at 5-10% as i have a stop loss at -5%., remember the key is to grow your account and scale it up so it might start slow. for example most people start of with a $1000 account so your first trades should be making $50 of profit as you scale it up
Remember when you come into swing trading with a plan and prepared it becomes much easier to be successful in
trading the equity.
Its a marathon not a sprint
MM-Oscillator - as a Trading System [Concept]I was thinking about this concept while I was driving after dinner.
You do not need a fancy $500 Monthly subscription for an edge.
Here is the Concept, You can build on this.
Notice how the Murrey Math Oscillator works in finding the pullbacks with a trend. Experiment & create your edge .
NOTE : EVERY PULLBACK TRADING SYSTEM WILL FACE TRANSITION ZONE, ITS UNAVOIDABLE.
Transition Zone is when a Pullback translates into a Trend Change for those who don't know.
I will expand on this concept, If and when I find time to research.
Link to the Version 2 of the Indicator
Now for those robbers out there, Don't take this and sell it for a premium ;) For trader, Enjoy and Good Luck.